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SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here

Equifax & LexisNexis collaborate on auto-specific scoring tool

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Nick Zulovich, Senior Editor
LexisNexis Risk Solutions and Equifax spent more than two years working on a solution sought by the auto finance industry; a tool one of the lead managers in development told SubPrime Auto Finance News is the answer to several requests ... [Read More]

Enterprise Car Sales aligns with Navy Federal Credit Union

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SubPrime Auto Finance News Staff
Enterprise Car Sales is now a preferred used-vehicle provider for Navy Federal Credit Union. As part of the agreement, Enterprise Car Sales and Navy Federal said they will periodically team up to offer promotions catered to Navy Federal members. In ... [Read More]

Ally unveils eContracting on Dealertrack platform

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Auto Remarketing Staff
In an effort to continue to advance the adoption of digital technologies among automotive finance companies and dealers, Dealertrack recently announced that Ally Financial is now broadly available for eContracting through the Dealertrack platform. Dealers in 42 states currently have ... [Read More]

Why Shift jumped into auto finance

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Joe Overby, Staff Writer
The concept of starting an in-house auto finance company in 2016 could be viewed as a curious one. There's the current auto lending regulatory landscape, plus the echoes of the late 2000s auto finance hurdles. But consider, for a moment, ... [Read More]

2016 depreciation forecast has level hitting 15%

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SubPrime Auto Finance News Staff
Overall vehicle depreciation for 2- to 6-year old vehicles is expected to reach 15 percent this year, representing an increase from the level of 13.2 percent experienced in 2015. That prediction arrived on Wednesday as Black Book and Fitch Ratings ... [Read More]

Former top CFPB official joins FactorTrust board

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SubPrime Auto Finance News Staff
FactorTrust recently added a former top official at the Consumer Financial Protection Bureau to its board of directors Lending her expertise to the organization’s audit and risk committee is industry veteran Marla Blow, who now is founder and chief executive ... [Read More]

Ally chairman ‘frustrated with market perception’

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Nick Zulovich, Senior Editor
While currently holding the top market share position in retail auto financing, Ally Financial said late on Monday that it will appoint a new independent director to its board of directors in a strongly worded announcement where the chairman described ... [Read More]

21.7% of all auto loans fell into subprime

subprime clouds
SubPrime Auto Finance News Staff
According to the February Equifax National Consumer Credit Trends Report, 2015 marked another strong year for the auto loan market as originations increased year-over-year, while the mix of loans across the entire credit spectrum held for the fourth year in ... [Read More]

Equifax cautious about overacting to Fitch ABS report

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Nick Zulovich, Senior Editor
When Fitch Ratings reported recently that U.S. subprime auto ABS delinquencies ballooned to levels not seen in almost 20 years, the development sparked plenty of industry reaction. To clarify whether or not this market segment is in a profound tailspin, ... [Read More]

Another bill & CFPB clash with House lawmakers

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Nick Zulovich, Senior Editor
Vehicle financing continued to be one of the more bandied about topics on Capitol Hill in recent days. First, a member of the U.S. Senate introduced legislation to bring what the National Automobile Dealers Association called “transparency and accountability” to ... [Read More]

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